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SBD Global/November 21, 2012/Facilities
Board Split On Future Of London's Olympic Stadium; West Ham Option Could Cost $1B
Published November 21, 2012
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DECISION TIME: The GUARDIAN's Gibson in "The Sport Blog" added three days after West Ham submitted its "best and final" offer to become the stadium's main tenant, the LLDC's 17 members remain "split over the two remaining options on the table." Rather than closing down the stadium for another four years, some board members argue that it is "best to appoint an experienced stadium operator such as AEG or LiveNation and let them go with it -- even if it requires a modest ongoing public subsidy." The plan proposes that the stadium could open by spring '14. The majority, led by Johnson, "continue to believe that a future involving West Ham, athletics, concerts and other one-off events including cricket and rugby, is the best solution." They "will have to convince the remaining waverers" that the club's final offer, believed to be "significant" improvement on the £10M ($15.9M) originally tendered, "is sufficient testament of the seriousness" of West Ham's intentions. If they can hit their latest deadline of reaching a decision before the end of the year after discussing their next move at a board meeting on Dec. 5, Hone and Johnson "will then have an equally hard job on their hands: ensuring the ongoing farrago does not burst the popular image of the Olympics as a bubble of golden success" (GUARDIAN, 11/19).